This is a perfect example of why the deep state doesn’t like President Trump: he pays more attention to people than corporations. And while some argue that Donald Trump is flawed, there is little doubt that he’s far better than most of the Presidents America has elected to office.
President Trump Rule Changes To Medicare Drug Prices
As for the rule changes that President Trump announced on Friday at the White House.
The first rule would end the arrangement under which middlemen – pharmacy benefit managers – reap the lion’s share of the discount to drug prices and pass those savings on to patients directly. It would also end the practice of doctors getting paid a percentage of the price of the drugs they prescribe.
The second rule, which ought to be finalized by January, would allow the US government to pay the lowest available drug price under the Most Favored Nation trade standards, whereas it currently has to pay whatever the drug companies demand, the president said.
Trump said he would also end the Food and Drug Administration’s (FDA) “misguided” Unapproved Drugs Initiative (UDI), which has been exploited by drugmakers to re-patent old drugs and raise their prices substantially.
In addition to healthcare premiums savings for American seniors, the changes should save the government some $85 billion over the next five years, said Centers for Medicare & Medicaid Services (CMS) Administrator Seema Verma, who spoke at the press conference alongside Trump and Health and Human Services Secretary Alex Azar.
Big Pharma Vows To Fight Trump’s Medicare Drug Rule Changes In Court
Pharmacy benefit managers have been vocally opposed to the measures, which “severely alter” their business arrangements, Bloomberg reported, adding that pharmaceutical industry lobbyists are “very opposed” to price matching.
Lawsuits seeking to overturn both rules are “almost guaranteed,” the outlet added, noting that federal judges have blocked Trump’s other efforts, such as mandating that drug companies include prices in advertising.